In our increasingly global society, millionaires can be found almost anywhere.
However, according to a latest research from international wealth migration specialists Henley and Partners, the US continues to lead the way in resident millionaires (defined as those with investable liquid assets of $1 million or more), placing 11 cities in the top 50, including New York City, which holds strong in the first place. The Big Apple is home to 349,500 millionaires, 744 centi-millionaires (with investable assets over $100 million) and 60 billionaires.
In second place is the California Bay Area (which includes the city of San Francisco and Silicon Valley). period. It is now home to 305,700 millionaires, 675 centi-millionaires and 68 billionaires.
While the largest US cities round out the top five, smaller ones such as Dallas, Seattle, Austin and Miami all boast millionaire growth rates above 70%. The report also listed three other U.S. cities to watch for their astronomical rates of millionaire growth over the past decade: Scottsdale, Ariz. (102%); Greenwich and Darien, Conn. (84%); and Palm Beach and West Palm Beach, Fla. (93%).
Here are the 11 cities in the United States with the most resident millionaires: